A VA approved lender; Mortgage Research Center, LLC – NMLS #1907.
Not affiliated with any government agency.
Not available in AZ, NV, or NY.

Keep track of VA loan requirements for veteran home mortgages. You will soon realize how little red tape there really is in using this mortgage to buy or refinance a home. Some of the things needed for your loan application are your social security number and employment history.

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NMLS #1907 | Equal Housing Lender | VA Approved Lender; Not a government agency
Not available in AZ, NV, or NY

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The Department of Veterans Affairs will guaranty a VA home loan for a fully eligible veteran to a maximum of 25%. So if a veteran has full eligibility at $104,250, simply multiply that by (4) and the maximum loan amount with full VA guaranty is $417,000 with $0 down payment.

The majority of counties in the United States fall under this category. The Department of Veterans Affairs has designated what is known as High Cost Counties (approximately 146) where the VA will guaranty the veteran up to 25% of the high cost county limit. For these high cost county loans, the Veteran's down payment is still $0 up to the higher limit. By definition, any loan greater than $417,000 is categorized as a VA Jumbo Loan.

Calculations for Loans Limits as Set by VA

For counties where the VA maximum limit is $417,000:

Borrower has no money down on the first $417,000.

Borrower pays a 25% down payment only on the amount greater than $417,000.

Borrower pays the funding fee in cash for loan between $417,000 and $1,000,000.

On loan amounts greater than $417,000, the veteran maintains all the benefits of a VA loan.

Borrower has no money down on the maximum amount for the county limit as set by the VA.

Borrower pays a 25% down payment only on the amount greater than the county limit set by the VA.

Borrower pays the funding fee in cash for loan between the amount greater than the county limit set by the VA and $1,000,000.

On loan amounts greater than $417,000, the veteran maintains all the benefits of a VA loan.

Additional Information pertaining to VA Jumbo Loans that exceed county limits set by VA:

Minimum Credit score of 640 required for loans above $650,000.

Manufactured homes are not eligible for the VA Jumbo program.

Funding fees cannot be financed for loans greater than $417,000. They must either be paid in cash by the Veteran or by the Seller.

2- to 4-unit purchase transactions maximums are $417,000.

The VA Jumbo Program is for Fixed Rate loans only.

Other terms and conditions may apply.

This is a private website that is not affiliated with the U.S. government, U.S. Armed Forces, or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site is not connected with any government agency.

A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Mortgage Research Center – NMLS #1907. We may share customer information with our
trusted affiliates to assist you with your VA Loan. Customers with questions regarding our loan officers and their
licensing may visit the Nationwide Mortgage Licensing System & Directory (www.nmlsconsumeraccess.org) for more information. 1400 Veterans United
Drive, Columbia, MO 65203